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> If you’re looking to build a unicorn, and not a lifestyle business, 4 years is enough time to get a feeling for whether you’ll succeed or not. I hate this fa
by safety1st 3y ago
> If you’re looking to build a unicorn, and not a lifestyle business, 4 years is enough time to get a feeling for whether you’ll succeed or not.
I hate this false dichotomy and to me it represents some kind of counter-reality thinking that would be poisonous in 99% of the businesses on earth.
If I start a business, generate revenues of $50K in the first year, $250K in the second, and by year 8 I'm at $10M annually but the growth has flattened out, is that a "lifestyle" business? No it's a shit ton of work, a huge achievement and as the founder it has probably made me quite rich, but also that doesn't look like a unicorn trajectory that some VC is looking for so that he can line his own pockets.
As a founder, unless you're very deep into a very successful career, you lean into that business for the big win it is. In this guy's view of the world it apparently doesn't even exist and yet it describes a huge chunk of "main street" businesses and in a lot of cases these businesses can be more profitable for you as the founder than whatever scheme a VC is cooking up.
- rognjen 3y agoimo 10M revenue falls firmly within the lifestyle business category.
- true_religion 3y agoIt’s not a false dichotomy. If you take VC money, then you’re obligated to try and build a unicorn since that’s reason they gave you the money. To do anything else is fraud. It won’t hurt the VC materially, but it’s not morally correct to deceive someone needs even if it doesn’t harm them. Add up enough white lies, and people will stop trusting each other.